EDF and TOTAL will decide on LNG terminal construction this year

01/07/2010 08:59 Natural Gas


EDF and Total announced that the final decision about investment in the LNG plant in northern France will be taken by the end of this year.

The project consists of one LNG plant with a capacity able to cover 20% of France annual demand. The cost of the project is 1 billion Euros, with over 1,200 workers employed during the construction and 50 workers during operation. Both companies promised to finalize the project, with a total capacity of 10-13 billion cubic meters. Total’s share in the terminal is 2 billion cubic meters annually for the next 20 years, with 10% capital participation. The LNG plant is expected to start its production in 2014.

Daily (11.10.2019): EU carbon prices climbed by 2.5% on Thursday, following positive negotiations between the UK and Ireland

11/10/2019 10:44:00

Crude oil prices rebounded on Thursday, as OPEC pledges to take a supply decision for next year this December. Trade talks between U.S. and China to be held next week also lent support to prices. Hence, Brent crude rose by 1.3% to 59.10 a barrel, while WTI futures climbed by 1.8% on a daily basis to end at $53.55 a barrel.


Russia blocks coal supplies to Ukraine through Belarus

11/10/2019 09:43:00

Ukrainian MP Mykhailo Volynets, who serves as the chairman of the Independent Trade Union of Miners of Ukraine, has said that Russia has begun blocking coal exports to Ukraine via Belarus, Kosatka Media has reported.


Statkraft scores 660MW Brazil double

11/10/2019 09:38:00

Norwegian energy company Statkraft has acquired two wind farms at an advanced stage of development in Brazil with a combined capacity of about 660MW.